Vancouver, British Columbia, January 16, 2013 - Big North Graphite Corp (TSX-V: NTE) (the "Company" or "Big North"), announces that the Company has made an application to the TSX Venture Exchange to extend the term of 3,216,500 warrants that are set to expire on February 15, 2013 to August 15, 2014. These warrants were originally issued on February 15, 2012 as part of the units issued under a private placement (the "Offering") completed by the Company in February 2012.
The exercise price of the warrants will remain at $0.15. Each warrant, when exercised, will be exchangeable for one common share of the Company.
The amendment is subject to the approval of TSX Venture Exchange.
For further information, please contact Spiro Kletas at (604) 629-8220.
ON BEHALF OF THE BOARD
(signed) "Spiro Kletas"
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.